Baby formula plant may be open within a week, FDA commissioner says

The House hearing comes after President Biden announced he was invoking the Defense Authorization Act to spur production.

Inflation, rate hike fears push stocks lower in up-and-down trading

The Dow falls more than 200 points while the S&P 500 threatens to cross into a bear market.

U.S. may be barreling toward recession in next year, more experts say

"Recession risks are high — uncomfortably high — and rising," one leading economist says.

In coal country, a new chance to clean up a toxic legacy

"If your sludge has value, why throw it in the garbage can?" Researchers explore ways to extract highly sought cobalt, nickel and rare earths from coal mining waste.
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Mortgage rates dip, but the change ‘isn’t a trend,’ expert says

Rates continue to be elevated above the familiar days when they hovered around 3 percent.

Why Biden is using the Defense Production Act for the baby formula shortage

The White House’s use of a Cold War-era law reflects the magnitude of the supply crunch that has left many parents scrambling for formula.

Weak earnings, inflation fears send Dow sliding more than 1,100 points

Target shares plummet 25 percent as rising costs weigh on financial results.

Martin Shkreli, Wall Street’s ‘Pharma Bro,’ is out of prison early

Shkreli has been released from an Allenwood, Pa., prison early and is being taken by a friend to a halfway house, according to a statement from his lawyer.

Google’s Russian unit to file for bankruptcy, citing asset seizure

The tech giant, which already paused most of its operations in the country, says it cannot pay workers or carry out other basic business operations.

McDonald’s, Wendy’s accused of beefing up burgers in ads

McDonald's and Wendy's are the latest fast-food chains to be hit with lawsuits alleging consumers were misled by ads that showed bigger burgers with more toppings.

Six signs crypto investment is a classic Ponzi scheme

A New York-based company, EminiFX, promised investors could earn a guaranteed return of 5% weekly through automated investments in cryptocurrency and foreign exchange trading. FBI says it was all a scam.

Gas prices pass $4 per gallon in every U.S. state for the first time

Nationally, the average cost for a gallon of gas was $4.52 on Tuesday amid highflying inflation and turbulence in gas and oil markets, in part because of the war in Ukraine.

Elon Musk’s latest Twitter bluster unlikely to earn fresh SEC scrutiny

Legal experts agree Musk is within his right to criticize the company, even if the goal is to depress its stock price, given that the concerns he is raising about fake accounts appear legitimate.

Apple delays plan to require workers in the office three days a week

The tech giant also reinstates mask requirements for common areas, citing a rise in coronavirus cases.

China cut tech exports to Russia after U.S.-led sanctions hit

China's technology exports to Russia have dropped significantly since U.S.-led sanctions took effect, U.S. says
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